DECT Phones Market:
Executive Summary
Global DECT Phones Market is valued approximately USD 15.59 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.30% over the forecast period 2019-2026. DECT phones are electronic devices which is used for communication in various areas such as offices, houses, public places, and others. The DECT system consists of a base station and a wireless handset. The base station communicates with the handset through the radio waves and operates in a specified range. The global impact of COVID-19 adversely impacts the various industries and manufacturing units across the globe along with hinder the import and export of essential raw materials such as wires, fibers, rubber and others from foreign economies. Therefore, it may impacts in slightly slow down of the market. The DECT phones has wide range of application in commercial sectors and offices to communicate efficiently within the organizations & various departments of the organization. Thus, rapid growth in industrialization and urbanization is expected to drive the growth of market over the forecast years. For instance: According to the Association of Equipment Manufacturer, the U.S construction industry is estimated to grow with 1% annually and it is found as increase of 1.1% in 2017 and 1.9 percent in 2018. Similarly, as per the National Investment Promotion & Facilitation Agency, the construction industry in India is expected to reach up to USD 738.5 billion till 2022. In addition, rising adoption of advanced technology and easy portability of DECT phones is expected to propel the growth of market over the forecast years. However, the interference caused by other signals and widespread adoption of smartphones over DECT phones is impeding the growth of the market to a significant extent.
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The regional analysis of global DECT Phones market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising demand for DECT phones from commercial sector. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid industrialization, increase in disposable income and significant innovation in DECT phones within the region would create lucrative growth prospects for the DECT Phones market across Asia-Pacific region.
Major market player included in this report are:
Panasonic Corporation
Gigaset AG
Philips N.V.
Vtech
Uniden Holdings Corporation
Motorola, Inc.
AT&T Inc.
Vivo Communication Technology Co. Ltd
NEC Corporation
Clarity Products LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
DECT
DECT 6.0
By Application:
Personal
Enterprise
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global DECT Phones Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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